Tue, May 21, 2013, 7:01 PM EDT - U.S. Markets closed
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If they can earn $1.80 in the next 12 months, subtracting the company's huge hoard of cash $5.30 from its $17 price, this company is trading at an effective P/E of 6.5. A fairer multiple should be 12 or so. 12 x $1.80 + $5 cash = $26.60